Assume that salaried employees of mayer, inc., earn 2 weeks of vacation per year. the salaried employees earn a total of $160 each pay period. mayer's first payroll of the year is on january 7. prepare the january 7 journal entry for mayer by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine